Stock Market Rises Amid Rate Cut and Tax Law Boost
The Dow Jones industrial average advanced 3.50 to 860.25 as gains exceeded losses 2 to 1 at the NYSE. Investors cited the Fed rate cut from 4% to 4% and Morgan Guaranty’s lower prime rate, plus the new tax-cut law signed by President Nixon.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Federal Reserve
Morgan Guaranty
Nixon
International Monetary Front
Group of Ten
Washington
Associated Press
Dow Jones Averages Report and Stock Movements
The report lists Dow Jones components with 30 Industrials at 860.25 up 3.50, Transportation at 239.01 up 0.20, and Utilities around 110.94 up 0.16. Bonds and rails prices show minor changes, with public utilities at 89 and 2240.06 noted.
MENTIONED IN THIS ARTICLE
Collins
CBS
Va Monsant
Va Montdut
Va Mont Pw
MorNor
Aerojet
ComwEd
Motorola
AmPetr
Com
Nabisco
Asamera
NatAirina
Barnes Eng
A Deere Co
Natcashr Sn
Barnwel Ind
del Mate
Brascan Lt
Delta Air
Nat Indust
Certron Co N 'Eee
Dillon’ Cg
Nat Steel
Cinerama
Disney
Natomas
Data Control
NewPow
Dillard
Corp
Newberry
DixHyn Corp
Newmat
Va Essex Chem
Ye Ning MP
NL Ind
Felmont Oil
Cooperin
Norfolk
Frontier Air
Va Corgiww
Norris Ind
Gen PI
Cowles Com
Giant Vel
Cox
NoAmRk
Gt Basin Pet
Husky Oil
CrouseHind
NoStaPw
Hydromed
CrowColl
Northrop
Imp Oil
Ve Crown Cork
Nwst Airl
Instrum Sys
CrwnZell
Norton
ITI Corp
Jamesway
Jetronic Ind
Dan River
Kaiser
Way Dart Ind
Va OhioEdis
Daycorp
Kingsford
Latay Radio
Neave
Olin Corp
Val Lee
a+ Ve
DowChm
Omarkin
Ling Tvgt
Dressind
Otis Elev
LoewsThewt
Duke Pw
Marshal Ind
duPont
Owen Cng
McCrory
Owen II
Dynam Am
Pacgel
Milgo Elect
Newidria Mn
Bashod
PacPetrol
NewPark
Eaton
Pac Pwl
Nor Coin Oils Me
Ve Echlin Mf
Pac T&t
Vv Nuclear Am
Eg&g
Panams
OKC Corp
Va PanAm Wair
Ormand Ind
Eipasong
EltraCp
Panh EP
Ozark Airline
Emer el
Penn Cent
Permaner
Penn Dix
Phoenix St
Puritan Fash
Ethyl Cp
Evans P
Penney JC
PaPwLt
FF — Pennzon
Reserve OG
Resortsinti A
PepsiCo
Fair Ind
Pfizer
Scurry Rain
Fansteel Inc
Phelps
Statham Ins
Firestone
Viewlex
Vikoa Inc
VLN Corp
Ve Fmc Cp
Ve Westates Ptl
Wilshire
Ford M
Publkind
Yates Ind
New York Stock FreepMin
Zim Hom
NEW York
Pullman
Associated Press
Questor
GAC C
Divi
GAF Corp
Va Ralston
AA —Gannett
Scrn
Banco Inc
GenMills
GenMet
Genesco
Arizona la
Gettyo
Alleg Cp
Gillette
Roy Ccola
Mae
AllegLu
Glen Alden
Va Allied Ch
Goodrich
Ryder Sy
AlliedStr
AllisCh
Goodyr
Grace
Safeway
Alcoa
Stjoem
Stl Sa
AmHess
A&p
StRegis P
Am Ali
Wis Greyhound
Acrysug
Ameipw
Scott P
Halliburt
Ek Shell Oil
Harris
Va Asmeltr
Hecla M
ie + Signal Co
Ve Singer Co
At&t
Smith KF
M T&t
HoernWal
AME Inc
Electra
Soucale
AMP Inc
A Hobdyinn
South Co
Eve
Ma Ampex Corp
HollySug
Soungas
Southa Pac
Hongwil
Sperr R
Apeco Cp
St Brands
Kollsman
StOilind
Atlas Corp
AvCo Corp
INA Cp
Avnet
Inger Rand
Lim
Tnt Hary
SunOil
Beckman
Swift Co
T&t
Tampa el
Tektronix
Itek Corp
Benguet
J _ Telex Co
Jewel Co
Tenneco
John Man
Tesoro Pet
Boeing Co
JohnJoh
Texaco
Texas
Textron
Brit Pet
Vq! TimesMir
vq! TimesMir 50 4 474 46% 4?" \“ Budd Co I
Katy Ind
Ta Timken
Bulovan
Kayser Ro
Todd Ship
Bunkr Ramo
Kennecott
Arans W Air
Burl Ind
TRW Inc
TriCent
Koppers
Cadence Ind
Kraftco
Weel Axe
Cal Finan
Kresgess
VAL Inc
Kroger
UMC Ind
Con. Ne
al Uniroyal
CaterTr
Levitz Furn
Unit Hie
Libbofd
Ubrands
Cenco Ins
Libbmcnl
CessneAir
Lockheed Air 194
US Indust
la US
LoneStarin
ChiMil Spp
Lonesga
Ye US Steel
Chipneyt
LongisLt
Univ
Chris Craft
Ste_ a
Chrysir
Upjohn
LVO Corp
la Cities Soc
Ain
Lykes Yngst
Eo Varian Assoc
Clark E
M—M
VendoCo
Macke C
Vaeipw
Macy R
WachCo
Marath
WarlLam
Marcor
Westyn Elwi
A Whittaker
Merck
Williams
Senenerco Access
New York Stock Exchange Indexes Report
The noon NYSE index figures show mixed movement across sectors with Industrial and Transportation totals fluctuating while Utilities edge higher. The report notes small changes in several subindexes and highlights a general cautious trading tone.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Release of Fecteau Downey Harbert Widely Welcomed
The United States confirmed clemency for John T. Downey and Richard Fecteau after long detentions tied to a 1952 Korea air incident. Downey and Fecteau, both Army civilians, were imprisoned on espionage charges and will be released soon, with Miss Mary Ann Harbert also freed.
MENTIONED IN THIS ARTICLE
Harbert
Fecteau
Downey
Japan
Korea
U.S. Central Intelligence Agency
United States
Azores
Georges Pompidou
Nixon
People’s Republic of China
John T. Downey
Richard Fecteau
Ronald L. Zieger
Mary Ann Harbert
Philip
Local Ad Agency Hires Janet Holt Harden
Janet Holt Harden joins Behrends Harwell Henders on art staff. A Graham, Mississippi native, she previously partnered at Smith Harden and worked at Alderman Studios in High Point and Graphic Press in Raleigh. She studied at Sullins College Ringling School of Art Art Instruction School and UNC. Daughter of Mr and Mrs Peter Ray Harden of Graham.
MENTIONED IN THIS ARTICLE
Janet Holt Harden
Behrends Harwell & Henderson
Graham
Miss Harden
Smith & Harden
Alderman Studios
High Point
Graphic Press
Raleigh
Graham High School
Sullins College
Bristol
Ringling School of Art
Sarasota, Fla
Art Instruction School
Minneapolis
Peter Ray Harden
Lane Company declares quarterly dividend and year end payout
The Lane Company Inc of Altavista Virginia declares a quarterly dividend of 25 cents per preferred share with a record date of March 15 and payable April 1 and a year end dividend of 12 cents per common share with a record date of December 20 and payable January 1.
MENTIONED IN THIS ARTICLE
The
Lane Company, Inc
Altavista
Four Die in Private Plane Crash Near Charlotte
Four men were killed when a Beech Baron twin engine plane owned by Greensborо Air Service crashed in dense fog about three miles west of Douglas Municipal Airport in Charlotte. The passengers were employees of Knittaway Inc. of Raeford. The wreck occurred after the craft reportedly feathered an engine and strayed from its intended approach path. Local witnesses described a fiery, multi explosion crash with one body ejected and others burned beyond recognition.
MENTIONED IN THIS ARTICLE
FAA
Knittaway, Inc
Raeford
Bernard Groserose
Raleigh-Durham
Pinehurst
Groselose
Douglas Airport
Gastonia
Groserose
Martha Cusick
Luther Stinson
Researchers Find Special Hippie Ills
Fort Lauderdale based dermatologists Dr. Joseph M. Wilentz and colleagues report that belt buckles rubbing the abdomen can cause a nagging navel. They urge preventive medicine including regular soap and water as the best remedy for common hippie related ailments.
MENTIONED IN THIS ARTICLE
Fort Lauderdale
Fila
Joseph M. Wilentz
UN Security Council to vote on India Pakistan cease fire
UN Security Council moves toward a vote on a US drafted cease fire and troop withdrawal between India and Pakistan. The measure mirrors a rejected Soviet veto from December and faces possible new vetoes as diplomats seek a unanimous solution. Prime Minister Indira Gandhi conditions cease fire on Pakistan withdrawing from East Pakistan and negotiating with Bangladesh.
MENTIONED IN THIS ARTICLE
United Nations
U.S
George Bush
General Assembly
Pakistan
Bush
India
U Thant
Council
Indira Gandhi
East Pakistan
Bangla Desh
White House
United States
Soviet Union
Man Killed Near Ramseur in Head-On Crash
A Concord man Chester Virgil Rice was killed when his car was struck head on by a westbound vehicle on U S 64 about 4.1 miles west of Ramseur Sunday evening. Denis Ray Wilkins 17 Asheboro driver of the westbound car and David Phillips Murray of Raleigh the eastbound driver were not seriously hurt. Investigation continues.
MENTIONED IN THIS ARTICLE
Ramseur
Concord
U.S. 64
J. B. McAllister
Chester Virgil Rice
McAllister
Denis Ray Wilkins
Asheboro
David Phillips Murray
Raleigh
Murray
Wilkins
Christmas Play Slated Tonight at Jamestown High
Ragsdale High School presents its annual Christmas concert this evening at 7 30 p m. directed by Paul Rainey and Phil Wrenn with the Girl’s Chorus Men’s Chorus and Small Ensemble. The program includes Nutcracker Suite White Christmas Brazilian Sleighbells Yuletide Overtures Home For Christmas and The Promise of Gods Love with narrators readers and soloists.
MENTIONED IN THIS ARTICLE
Jamestown
Ragsdale High School
Paul Rainey
Phil Wrenn
Ja vits Pushes Women Enrolment At Annapolis Navy Academy
New York Senator Javits urges admitting women to the U S Naval Academy despite a long tradition of male cadets. He argues discrimination must yield to potential benefits for women and says changes in curriculum and facilities may be needed to accommodate female students.
MENTIONED IN THIS ARTICLE
Washington
Davy ‘Jones
U.S. Naval Academy
New York
Jacob K. Jarvits
Senate
Navy
Annapolis
Othr
West Point
Air Force Academy
Javits
John H. Chafee
Javit
Frank Cummings
Also Mentioned on This Page
Stock Market Report
American Exchange
Linda Rubey
Wito
Fordign
A.P. Stock
Associ
Ted Press
Ind. Rails Util
L. Yd
Dow-Jones
NEW York Stock Index
Charlotte
U.N
Robert A. Berger
New York City
Wilentz
Berger
Belfast
Northern Ireland
Irish Republican Army
Ireland
John Hulme
Antigovernment
Democratic and Labor Party
Sen
John Barnhill
Unionist Party
High Point Enterprise
High Point Enterprise, Inc
Church Avenue
N.C
Ward-Griffith Company
National Advertising Representatives
U.S. Pat
National Tax Service, Inc
Asse St
Columbia
8. C
America
Quality Tax Service
Jaa
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